Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Diane McClintock SVP FP&A & Investor Relations email:investorrelations@wattswater.com WATTS WATER TECHNOLOGIES REPORTS THIRD QUARTER 2024 RESULTS ◾ Reported sales of $544 million increased 8%; organic sales down 4% ◾ Reported operating margin of 17.1%, down 20 bps; adjusted operating margin of 17.1%, down 90 bps ◾ Reported EPS of $2.06, up 5%; adjusted EPS of $2.03, compared to $2.04 in prior year ◾ Raising midpoint of full-year 2024 operating margin outlook ◾ Ann ...

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Did you analyze how Watts Water (WTS) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this maker of valves for plumbing, heating and water needs, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities. In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial h ...

Watts Water Technologies, Inc. (NYSE:WTS) Q2 2024 Earnings Call August 8, 2024 9:00 AM ET Company Participants Diane McClintock - Senior Vice President, FP&A and Investor Relations Bob Pagano - President and Chief Executive Officer Shashank Patel - Chief Financial Officer Conference Call Participants Ryan Connors - Northcoast Research Jeff Hammond - KeyBanc Capital Markets Nathan Jones - Stifel Mike Halloran - Baird Joe Giordano - TD Cowen Walter Liptak - Seaport Research Partners Operator Welcome to the Wa ...

Watts Water Technologies, Inc (WTS) reported second-quarter 2024 adjusted earnings per share (EPS) of $2.46, which increased 5% on a year-over-year basis and beat the Zacks Consensus Estimate by 5.1%. The company's quarterly net sales rose 12% year over year to $597.3 million. The top line surpassed the Zacks Consensus Estimate by 1.8%. Organic sales remained flat year over year. The company's performance benefited from higher revenue growth in the Asia-Pacific, the Middle East and Africa (APMEA) and the Am ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-11499 WATTS WATER TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 04-2916536 (State or ...

© 2024 Watts Water Technologies, Inc. WATTS WATER TECHNOLOGIES Q2 2024 EARNINGS CONFERENCE CALL August 8, 2024 Forward Looking Statements 2 © 2024 Watts Water Technologies, Inc. Certain statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are related to forecasts of sales, margins, earnings, earnings per share, effective tax rate, capital expenditures, cash flow, water market growth, acquisition str ...

Watts Water (WTS) reported $597.3 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 12.1%. EPS of $2.46 for the same period compares to $2.34 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $586.67 million, representing a surprise of +1.81%. The company delivered an EPS surprise of +5.13%, with the consensus EPS estimate being $2.34. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Sales Performance - Reported sales of $597 million increased by 12% compared to Q2 2023, with organic sales remaining flat[1][4] - Sales in the Americas reached $448 million, a 22% increase on a reported basis and 5% organically, driven by price realization and core product growth[5] - European sales decreased by 16% to $114 million, with a 15% decline in organic sales due to lower volumes and unfavorable foreign exchange impacts[6] - APMEA region sales increased by 16% to $35 million, with an 18% organic growth, benefiting from project timing[7] - Total sales for the second quarter of 2024 reached $597.3 million, a 12.1% increase from $532.8 million in the second quarter of 2023[16] - The Americas segment reported sales of $448.1 million for the second quarter of 2024, up 22.0% from $366.9 million in the same quarter of 2023[16] - The APMEA segment's sales grew to $35.1 million in the second quarter of 2024, up from $30.3 million in the same quarter of 2023, indicating a growth of 15.9%[16] - Reported net sales for the six months ended June 30, 2024, reached $1,168.2 million, a 16.3% increase compared to $1,004.5 million for the same period in 2023[24] Earnings and Margins - Reported EPS of $2.44, an increase of 8%; adjusted EPS of $2.46, up 5%[1][4] - Operating margin reported at 18.7%, down 10 basis points; adjusted operating margin at 18.8%, down 70 basis points[1][4] - Adjusted operating income for Q2 2024 was $112.1 million, compared to $103.9 million in Q2 2023, reflecting an increase of 2.1%[20] - The adjusted operating margin for Q2 2024 was 18.8%, slightly down from 19.5% in Q2 2023[20] - Net income for Q2 2024 was reported at $82.0 million, up from $75.9 million in Q2 2023, marking a 1.6% increase[20] - Net income for the six months ended June 30, 2024, was $154.5 million, up from $140.6 million for the same period in 2023, representing an increase of about 9.0%[15] Cash Flow and Investments - Operating cash flow for the first six months of 2024 was $131 million, up from $101 million in the same period last year, resulting in free cash flow of $120 million[8] - The company reported a net cash provided by operating activities of $130.9 million for the six months ended June 30, 2024, compared to $100.5 million for the same period in 2023, an increase of 30.2%[15] - Free cash flow for the six months ended June 30, 2024, was $119.7 million, up from $88.9 million in the same period last year[25] - The cash conversion rate of free cash flow to net income improved to 77.5% for the six months ended June 30, 2024, compared to 63.2% in the prior year[25] - The company invested $96.3 million in business acquisitions during the first half of 2024, compared to $11.7 million in the same period of 2023[15] Financial Position - Total assets increased to $2,383.3 million as of June 30, 2024, compared to $2,309.4 million at December 31, 2023, reflecting a growth of approximately 3.2%[14] - Total stockholders' equity increased to $1,618.2 million as of June 30, 2024, from $1,513.3 million at December 31, 2023, reflecting a growth of 6.9%[14] - Cash and cash equivalents decreased to $279.4 million at the end of the period from $350.1 million at the beginning of the year, a decline of 20.2%[15] - Net debt as of June 30, 2024, was $(20.7) million, a decrease from $(51.8) million at the end of 2023[26] - The net debt to capitalization ratio improved to (1.3)% as of June 30, 2024, compared to (3.5)% at the end of 2023[26] Future Outlook - Full-year 2024 outlook maintains reported sales growth of 7% to 12% and organic sales range of -4% to 1%[10] - The company forecasts reported net sales growth of 7% to 12% for the full year 2024, with an anticipated impact from acquisitions and foreign exchange of (11)%[27] - Organic sales growth is projected to be between (4)% to 1% for the full year 2024[27] - The operating margin is expected to be in the range of 16.6% to 17.2% for the full year 2024, with an adjusted operating margin forecasted at 17.1% to 17.7%[27] - Future outlook remains positive with continued focus on organic growth and strategic acquisitions to enhance market position[20]